If Elon was able to bring Twitter to break even in a few months, there are reasons to believe he could make it profitable with a bit more time.
https://www.businessinsider.com/twitter-stopped-paying-rent-...
Unfortunately reporting on this is awful and biased and doesn't include nuance like this. It's just "omg twitter is broke and run by an idiot".
As far as I can tell the dispute is that twitter didn't pay the rent and the building owner wants them to pay the rent, which is how this has been reported.
9 14. On or about November 22, 2022, Plaintiff served Defendant with a demand to
10 increase the LOC by $10,000,000 pursuant to Paragraphs 13 and 25 of the Lease. A true
11 and correct copy of such demand is attached hereto as Exhibit 2 and incorporated herein by
12 this reference. Defendant did not, within the time specified in the notice, or at any other
13 time thereafter, increase the LOC by $10,000,000. Rather, Defendant contended, in
14 response to Plaintiff’s notice, that it was not required to increase the LOC by $10,000,000
15 upon a transfer in control of Defendant under the terms of the Lease.still unclear why elmu thinks he shouldn't have to pay rent
Another thing to keep in mind is the mind-boggling amount of debt service that Twitter has to deal with.
The problem is that Musk bought them on credit which added a massive amount of new debt settlement so now they need something close to a billion dollars of new profits annually to be where they were.